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Frasers Property Limited (FPL)
Broker's Calls
CGS-CIMB lowers Frasers Property’s TP following announcement of $1.28 bil rights issue
The sum will be raised through the issuance of up to 1,085.3 million new shares at $1.18 per unit.
February 16, 2021
Broker's Calls
CGS-CIMB bullish on Frasers Property Limited despite Covid-19 hospitality headwinds
FPL plans to launch Fernvale Lane executive condominium in 4QFY2021 and redevelop Bedok Point into a residential project.
February 10, 2021
Results
Frasers Property reports significantly lower operating performance for hospitality portfolio, sees strong industrial and logistics leasing activity
In his note, Group CEO Sirivadhanabhakdi says the group’s well-diversified platforms will see it through the current uncertainties
February 05, 2021
Sustainability
Frasers Property commits to be net-zero carbon corporation by 2050
This makes FPL the first SGX-listed real estate company to do so.
January 22, 2021
Property
Frasers Property sells Beijing Fraser Suites Real Estate Management for RMB1.61 bil
The estimated net gain of the sale is around $90 million.
January 21, 2021
Company in the news
Frasers Property terminates agreement relating to 75% acquisition in Vietnamese property firm
The full deposit of some $2.35 million pertaining to the agreement has been refunded.
January 21, 2021
Results
Frasers Property suffers loss of $45.7 mil for 2H, FY20 earnings down 66.4% to $188.1 mil
A final ordinary dividend of 1.5 cents has been recommended, which will be paid on Feb 10, 2021.
November 11, 2020
REITs
FCT’s preferential offering to open on Oct 9
Units in FCT closed 1 cent lower, or 0.4% down, at $2.35, on Oct 8.
October 08, 2020
REITs
FCT reports 2.2% lower tenant sales, 36.4% lower shopper traffic for August
Units in FCT closed 3 cents lower or 1.2% down, at $2.53, on September 24.
September 25, 2020
Disruption and Digitalisation
Frasers Property Retail to launch e-commerce marketplace in October
Frasers eStore will launch with 200 merchants via the Frasers Experience (FRx) app from end October.
September 01, 2020